California Enterprise Development Authority AgendaPacket 2026-06-18
CEDA Approves $22 Million Loan for CGF Properties
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Description
The California Enterprise Development Authority approved a loan agreement to facilitate up to $22 million in conduit financing for CGF Properties LLC to acquire, construct, and equip student housing facilities leased to Fuller Theological Seminary in Pasadena. The tax-exempt Authority Loans from East West Bank will be repaid solely from the borrower’s loan payments and are subject to City of Pasadena TEFRA approval.
Contract Details
Contract Amount
Not to exceed $22,000,000.00
Vendor
CGF PROPERTIES LLC
Agency
California Enterprise Development Authority, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
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Issuing Agency
California Enterprise Development Authority
Special District
Sacramento, CA
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